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20121221
20121221
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>>> glad to have you with us on this edition of "newsline." it's friday, december 21st. i'm catherine kobayashi in tokyo. they're hoping consumers will keep spending and not just on christmas presents. we have joined from the business desk with the numbers. >> the magic number is considered a rate that reflects a healthy stream of goods an services. the previous estimate didn't reach that number. officials at the commerce department have changed the picture of the economy filling in some gaps. they say the pace of growth is the highest. commerce department officials revised up their growth rate. gross domestic product grew from the previous quarter. it was up by 0.4% from the figure last month. it was up from 1.4 to 1.6%. consumer spending does account for 70% of gdp. expert growth was revised from 1.1% to 1.9%. federal government spending was changed. it was revised downward slightly but maintain the pace of 13.5%. still the u.s. economic outlook remains uncertain. the obama administration and the republicans are at a stand still to resolve the tax increases. here in japa
. it just goes on forever. them putin also address u.s. criticism of moscow's security and human rights policies in response to news that a court had reduced the jail sentence of one of putin poses strongest critics. the president said that the case was not politically motivated, and he dismissed recent protests about his presidency. >> we do not need this anarchy. during the 1990's, this kind of anarchy give market economics and democracy a bad name in russia. people are still afraid of that today. >> the marathon press conference lasted four hours, but president putin had little to offer that was really new. >> it was a fighting performance by vladimir putin who likes to present himself as a faithful servant of the russian people, but there was a lack of fresh ideas and concrete answers. his words sounded a lot more like holding onto power than a new beginning for the good of russia. >> efforts to bail out ciphers are running into fresh obstacles. a german newspaper is reporting that the international monetary fund is not prepared to contribute to the bailout fund unless creditors wav
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